Florida group seems to kind financial institution

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A gaggle with ties to an funding firm in Clearwater, Fla., is trying to kind a financial institution.

Organizers of Waterfall Financial institution submitted an utility with the Federal Deposit Insurance coverage Corp. on Friday for deposit insurance coverage.

Waterfall Financial institution could be primarily based within the Waterfall Constructing, which is operated by Waterfall Capital Investments. The corporate “directs the deployment of capital for a small group of household places of work” with a concentrate on actual property, hospitality, well being care and personal lending, in line with its web site.

A trademark application for the financial institution was just lately filed by Virginia Hines, Waterfall Capital’s general counsel.

The FDIC utility wasn’t instantly accessible, and a message left for Hines wasn’t returned.

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